Stox, the world’s largest decentralised prediction markets platform, has become the highest ranked dApp in the world. Popular leader boards site StateOfThedApps.com, which ranks dApps based on their Daily Active Users (DAU), has placed Stox at the top of the pile for dApps on the Ethereum blockchain.
dApps are built on the framework of a decentralised peer-to-peer network. Unlike traditional applications built on platforms like iOS and Android, dApps connect users and developers directly without the need for a centralised authority to host and manage the code and user data. There are thousands of dApps built on the Ethereum blockchain, the leading dApp platform.
Stox is an open source, Ethereum-based prediction markets platform, where users can place predictions on the biggest events in the world of finance, sports, politics and more.
Combining the wisdom of the crowd with their own individual skills and knowledge, users are rewarded for their insight.
Stox’s milestone has been reflected in their online reach, having surged from 15,000 to 19,000 Telegram users in just a few days.
Yossi Peretz, CEO of Stox, commented: “We are delighted with this significant milestone of becoming the most popular dApp in world. It is a testament to our team and platform users, who have been a part of our journey ever since the beginning. With a community of over 200,000 users, we are proving that there is a demand for high-quality predictions globally. Since our ICO, we have delivered on our promises, and are excited about what we have upcoming in the future.”
Stox’s high-profile ICO in 2017 was a very similar story, raising $33 million (148,000 ETH) in just 34 hours. Since then, it has continuously developed its platform, hosted more than half a million predictions, grown by an average of 550 users per day, partnered with 50 ICOs, traded predictions worth 210 million STX.
The recent FIFA World Cup generated a huge amount of participation, with a total of 85 million STX ($7.26m) cast across 176,000 votes. The Croatia vs. England match alone saw 3.7 million STX placed ($316,000). Stox also hosted predictions on the Wimbledon Tournament, which offered over 500 prizes in cryptocurrency tokens, worth over $75,000.
Stox is a predictions market platform that allows its users to make predictions in all types of markets, including politics, sports, tech and financial markets. Stox rewards its users for their knowledge, where they can only win more STX tokens, but never lose the ones that they already have. Stox ran the 7th most successful ICO of 2017, raising $33m in 34 hours.